Rabu, 28 Desember 2011

What Will 2012 Bring The U.S. Economy

There's Trouble Ahead

Barack Obama

Due to choices made by President Obama and members of Congress that backed his decisions, the U.S. economy is headed for more trouble in 2012. The debt load is far too high for any nation. The government continues to spend more than it takes in, which in the realm of common sense, is disaster waiting to happen. If this continues, America (U.S. government) will default on all its debts.

This past weekend it was announced, President Obama, is set to go back to Congress to request $1.2 trillion dollars in new spending. Somebody's going to pay for that and it is going to be the taxpayers. President Obama is saddling the nation's current and future generations with unprecedented debt, while the economy continues to erode.

What Obama is doing is not working and has not worked over the past three years he has been in office. Puzzlingly, he refuses to change course, believing with each massive new round of expenditures, the nation will somehow break out of the financial crisis.

Foreclosures are up, home values are down. The job market is in a terrible state, with many people giving up on finding work. U.S. businesses continue to close at an unprecedented rate. This is not going in the right direction, but President Obama continues down this path.